Retail investors remain confident in Bitcoin despite record-breaking $1.46 billion Bybit hack

From StockTwits: 2025-02-28 16:56:12

Despite the largest crypto hack in history, retail sentiment on Bitcoin remains steady, with traders more focused on macroeconomic trends and rate cut expectations. The $1.46 billion Bybit hack, the largest in crypto history, has not shaken retail investors’ confidence in Bitcoin. While some traders are cautious about security vulnerabilities in crypto exchanges, most believe in Bitcoin’s long-term potential. Bybit is working to recover stolen assets and enhance security measures following the hack traced back to North Korea’s Lazarus Group. Bitcoin’s decline below $80,000 was also influenced by regulatory uncertainty and broader macroeconomic pressures. Investors withdrew over $1 billion from U.S.-listed spot Bitcoin ETFs on Feb. 25, leading to the largest single-day redemption since January 2024. Despite the sell-off, Bitcoin has recovered from its multi-month low of $78,393, trading below $85,000. Inflation data showing a slight easing of price pressures has raised hopes for interest rate cuts, with traders now pricing in a 25-basis-point reduction as early as June 2025. Retail sentiment on Bitcoin remains in the ‘bearish’ territory on Stocktwits, with ‘high’ levels of chatter. Some investors expect Bitcoin’s price to decrease further before rebounding. Bitcoin is currently trading 23.1% below its late January all-time high but is up 36.6% over the past year.



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